Can you file for Chapter 7 with no income?

Dealing with debt and having no paycheck to cover it can leave you with big questions about what your relief options actually are. Tatiana Lavrova/Getty Images Bankruptcy filings have been climbing as Americans continue to grapple with several looming economic issues, including persistent inflation and high interest rates on borrowing options. When you factor in…

How OBBBA reshapes student lending

This document provides a detailed overview of how the One Big Beautiful Bill Act (OBBBA)—passed into law in the summer of 2025 and set to take effect in just a few short months—changed higher education financing. It describes the state of student lending at the time of its passage, analyzes how the law changes borrowing,…

TOFS In Administration

TOFS has gone into administration with Interpath, being appointed administrator of the Burnley-based discount retailer as of today.  1200 jobs thought to be at risk.   Update 19th January 2026 TOFS has filed a second intention to appoint administrators. This is its last chance to find a buyer for the business.  The moratorium lasts 10…

Native Instruments files for preliminary insolvency amid ongoing debt crisis

The Berlin-based company behind Traktor, iZotope, and Maschine begins formal restructuring. Photo credit: Native Instruments – Official Native Instruments GmbH has entered preliminary insolvency proceedings in Germany. A court-appointed administrator, Prof. Dr. Torsten Martini, will now oversee the restructuring of one of electronic music’s most influential tech companies. According to documents reviewed by Create Digital…